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20121204
20121204
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that will be calculated, and quite frankly, in a more simplified form been standard tax law. host: professor bob kelly? guest: when i say chaos i am -- professor buckley? >> when i say chaos, i am referring to two things. the irs has done programming based on their being a patch enacted by the end of the year. most tax returns software has made the same calculated gamble. i agree that the government needs revenue. i do not think there is any question of that. if you just say that the amt is a good tax because it raises revenue, i do not argue on the notion that we need money, however is an extraordinarily arbitrary way of raising revenue. it raises revenue not from the super wealthy. the amt applies to few people making more than half of $1 million. it is counter-intuitive. if you are going to raise revenue, it should be as president obama has suggested, shared sacrifice, and that sacrifice has to come from people making more than half of $1 million. host: how do the very wealthy get out of paying the amt? guest: because of the rate structure. the rate between $200,000 and $500,000 are at least as hig
Search Results 0 to 0 of about 1